Hokuriku Railroad Ishikawa Line Ishikawa 2017-FY
Home market report

Hokuriku Railroad Ishikawa Line railway market report

Hokuriku Railroad Ishikawa Line Home market overview

The average price of a sq.m Home of Hokuriku Railroad Ishikawa Line (Oshino to Tsurugi), in Jan, 2017 to Sep, 2017 was 142,772 JPY/sq.m. The market value represents a decrease of 6,249 JPY (-4.2%) compared to 1 year ago and a transition to a some market. 22 properties exchanged hands ( The market value represents a decrease of 42 (-65.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 21.6 years old (a -5.0% decrease compared to the 22.7 years old of last year.). The average size of the real estate was 322.3 sq.m (a +3.3% increase compared to the 312.0 sq.m of last year.). The average total floor space of the real estate was 164.2 sq.m (a -20.7% decrease compared to the 207.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance, as well as a dramatic increase in transactions involving nearly new buildings under 3 years old.

1 stations have experienced increased prices; 6 stations have experienced decreased prices. Market value of most stations decreased. Nonoichi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Nonoichi station, where prices have increased +23.9% compared to last year; a sq.m unit now costs 211,960 JPY/sq.m.

The top 2 stations has seen prices increase +10.3% (+18,397 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -64.8% (-62,077 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 24.1% of total transactions in 2016 and 35.0% of total transactions in 2017)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 46.6% of total transactions in 2016 and 30.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 16.7 min in 2016 and 22.1 min in 2017; +32.3%)
  • An increase in transactions involving older buildings over 40 years old (representing 17.2% of total transactions in 2016 and 20.0% of total transactions in 2017)
  • A some decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 14.1% of total transactions in 2016 and 13.6% of total transactions in 2017)

Breakdown of each segment

The table below shows Home dealt in Hokuriku Railroad Ishikawa Line, in age, distance from station, and area segments. For example, we can see market trends, such as which transactions have increased more in recent years, those for newer properties, or older ones.

Segment:

※各年ごとの取引件数の割合が高いセグメントほど赤く表示

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Home stations market overview

The average price of a sq.m Home of Nonoichi, the highest market value along this railway was 211,960 JPY/sq.m. The market value represents an increase of 40,883 JPY (+23.9%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents a decrease of 7 (-43.8%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Hinomiko, the lowest market value along this railway was 1,714 JPY/sq.m. The market value represents a decrease of 104,952 JPY (-98.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

Hokuriku Railroad Ishikawa Line (Stations Home market overview)
Hokuriku Railroad Ishikawa LineThis year(2017)1 year ago2 years ago
Oshino-213,154 JPY (11.9Y/236.2sq.m)201,196 JPY (6.2Y/168.8sq.m)
Nonoichi211,960 JPY (14.2Y/215.0sq.m)171,077 JPY (22.6Y/590.9sq.m)194,385 JPY (19.4Y/416.7sq.m)
Nonoichikoudaimae-145,513 JPY (26.6Y/175.0sq.m)245,848 JPY (5.9Y/308.0sq.m)
Magae-164,634 JPY (25.3Y/285.7sq.m)162,500 JPY (27.1Y/491.7sq.m)
Nukajuutakumae-31,428 JPY (42.8Y/165.0sq.m)170,000 JPY (37.8Y/135.0sq.m)
Otomaru195,384 JPY (9.5Y/157.5sq.m)204,200 JPY (17.3Y/164.2sq.m)203,862 JPY (12.8Y/185.8sq.m)
Shijima-150,222 JPY (24.9Y/153.8sq.m)159,432 JPY (24.7Y/138.3sq.m)
Sodani-85,000 JPY (35.3Y/215.0sq.m)-
Douhouji81,587 JPY (30.6Y/160.0sq.m)113,095 JPY (11.5Y/166.7sq.m)88,547 JPY (19.7Y/155.0sq.m)
Inokuchi86,666 JPY (36.0Y/330.0sq.m)106,719 JPY (26.7Y/200.7sq.m)-
Oyanagi42,428 JPY (46.3Y/790.0sq.m)61,630 JPY (24.1Y/200.0sq.m)102,590 JPY (18.6Y/297.5sq.m)
Hinomiko1,714 JPY (0.0Y/160.0sq.m)106,666 JPY (28.8Y/540.0sq.m)112,000 JPY (17.5Y/210.0sq.m)
Tsurugi116,996 JPY (21.5Y/706.7sq.m)121,085 JPY (23.0Y/208.6sq.m)73,547 JPY (20.1Y/483.1sq.m)

*Average unit prices per sq.m of Home at each train station were calculated using the Utinokati database of actual market sales prices (based on surveys conducted by the Ministry of Land, Infrastructure, Transport, and Tourism of Japan). Units: JPY (Japanese Yen); parenthesis contain average age in years of building / equivalent measurement of area of real estate.

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Noteworthy stations

Nonoichi211,960 JPY/sq.m (+24% compared with the previous year)

The average price of a sq.m Home of Nonoichi was 211,960 JPY/sq.m. The market value represents an increase of 40,883 JPY (+23.9%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents a decrease of 7 (-43.8%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 14.2 years old (a -37.3% decrease compared to the 22.6 years old of last year.). The average size of the real estate was 215.0 sq.m (a -63.6% decrease compared to the 590.9 sq.m of last year.). The average total floor space of the real estate was 145.0 sq.m (a -67.7% decrease compared to the 449.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 22.6 years old in 2016 and 14.2 years old in 2017; -37.3%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 15.4% of total transactions in 2016 and 55.6% of total transactions in 2017)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 46.2% of total transactions in 2016 and 11.1% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 13.3 min in 2016 and 19.6 min in 2017; +46.9%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 15.4% of total transactions in 2016 and 22.2% of total transactions in 2017)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 25.0% of total transactions in 2016 and 11.1% of total transactions in 2017)

Tsurugi116,996 JPY/sq.m (-3% compared with the previous year)

The average price of a sq.m Home of Tsurugi was 116,996 JPY/sq.m. The market value represents a decrease of 4,089 JPY (-3.4%) compared to 1 year ago and a transition to a some market. 3 properties exchanged hands ( The market value represents a decrease of 4 (-57.1%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 21.5 years old (a -6.5% decrease compared to the 23.0 years old of last year.). The average size of the real estate was 706.7 sq.m (a +238.8% increase compared to the 208.6 sq.m of last year.). The average total floor space of the real estate was 156.7 sq.m (a +56.7% increase compared to the 100.0 sq.m of last year.).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 14.3% of total transactions in 2016 and 33.3% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 35.9 min in 2016 and 48.7 min in 2017; +35.7%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 28.6% of total transactions in 2016 and 66.7% of total transactions in 2017)

Hinomiko1,714 JPY/sq.m (-98% compared with the previous year)

The average price of a sq.m Home of Hinomiko was 1,714 JPY/sq.m. The market value represents a decrease of 104,952 JPY (-98.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 160.0 sq.m (a -70.4% decrease compared to the 540.0 sq.m of last year.). The average total floor space of the real estate was 175.0 sq.m (a +59.1% increase compared to the 110.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 9.0 min in 2016 and 15.0 min in 2017; +66.7%)

Oyanagi42,428 JPY/sq.m (-31% compared with the previous year)

The average price of a sq.m Home of Oyanagi was 42,428 JPY/sq.m. The market value represents a decrease of 19,201 JPY (-31.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 46.3 years old (a +91.7% increase compared to the 24.1 years old of last year.). The average size of the real estate was 790.0 sq.m (a +295.0% increase compared to the 200.0 sq.m of last year.). The average total floor space of the real estate was 400.0 sq.m (a +220.0% increase compared to the 125.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 21.0 min in 2016 and 17.0 min in 2017; -19.0%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2016 and 50.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 24.1 years old in 2016 and 46.3 years old in 2017; +91.7%)

Breakdown of each segment

Station:   Segment:

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Utinokati, Outi Research

*If you wish to use or reproduce this data, please enter the URL (https://utinokati.com/en/) where the data will be posted. (As a general rule, prior consent is not required.) Our data is based on Ministry of Land, Infrastructure, Transport, and Tourism of Japan (actual market sales prices)